SmarTrend's Option Scanner Detects Unusual Activity in CIGNA (CI)
Thursday, Aug 12,2010, 9:01:42 AM Click:
Shares of CIGNA (NYSE:CI) are trading 4.4% lower today, recently trading at $33.31. The stock has been drifting higher over the past ten trading days and is currently trading in a technical uptrend.
The put volume today was 7,725 contracts, which is 7x the average daily volume of 1,110. Usually high put volume is an indicator that many investors are looking for lower prices in the near future.
CIGNA Corporation, through its subsidiaries, provides group life and health insurance, managed care products and services, retirement products and services, and individual financial services worldwide. The Company also sells individual life and health insurance and annuity products in selected international locations.
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